DailyFinance Quotes Elan Keller: Here's the Dirty Secret of Tax - Dodging Corporate Inversions
NEW YORK, Oct. 8, 2014 /PRNewswire/ -- DailyFinance quoted Caplin & Drysdale's Elan P. Keller concerning the many reasons for corporate inversions. Mr. Keller asserted that while inversions create a tax benefit, businesses must have an underlying reason to invert in order to get the approval of shareholders or the board. For the complete article, please visit DailyFinance’s website.
"Inversions have been made into this political, moral issue, which sometimes clouds the reality," tax attorney Elan Keller of the law firm Caplin & Drysdale told DailyFinance. "Companies invert for a number of reasons ... having little to do with tax. It just so happens that in inverting they've been able to create a tax benefit. But there has to be [a bigger] underlying business reason to invert. Otherwise shareholders or the board aren't going to agree to it."
About Elan P. Keller
Elan P. Keller is a Member in Caplin & Drysdale's Corporate, Business & Transactional Tax, International Tax, Tax Controversies practice groups in the firm's New York office. Clients seek his advice on matters involving tax due diligence and structuring cross-border and domestic M&A transactions; the U.S. aspects of inbound and outbound operations; transfer pricing; corporate restructurings, reorganizations and distributions; capital markets and structured finance transactions; infrastructure and leasing transactions; and oil, gas, energy, and natural resource transactions. Mr. Keller can be reached at 212.379.6030 or [email protected].
About Caplin & Drysdale
For half a century, Caplin & Drysdale has been a leading provider of a full range of tax, tax controversy, and related legal services to companies, organizations, and individuals throughout the United States and around the world. With offices in New York City and Washington, D.C., the firm also provides counseling on matters relating to bankruptcy, creditors' rights, political activity, exempt organizations, complex litigation, employee benefits, private client services, corporate law, and white collar defense. For more information, please visit us at www.caplindrysdale.com.
Disclaimer
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